Sanctioned Russia-linked Grinex halts operations after large-scale crypto hack
Crypto Briefing
Russia-linked crypto exchange Grinex has suspended operations following a massive $13.7 million cyberattack that it claims involved state-backed foreign actors.Summary
The crypto exchange Grinex, which has been identified as a successor to the sanctioned platform Garantex, has ceased operations after a sophisticated cyberattack resulted in the theft of over $13.7 million. The exchange alleges the attack was likely orchestrated by foreign intelligence agencies to destabilize the Russian financial system. Grinex has reported the incident to law enforcement and launched a criminal investigation. This breach follows the 2025 disruption of Garantex, which processed $96 billion in transactions and was heavily involved in sanctions evasion. Investigators from TRM Labs had previously linked Grinex to the infrastructure and user base of the defunct Garantex platform.
(Source：Crypto Briefing)